Foxenwood Garden Villa Townhomes in Orcutt, CAThe upscale Foxenwood neighborhood is popular with buyers due to its location, which is directly adjacent to Old Orcutt, and its proximity to Vandenberg AFB (15 minute drive to the main gate). The location of the development is off the beaten path, yet close enough to enjoy the amenities of downtown Orcutt. And, the Foxenwood neighborhood is bordered by other prestige areas such as Lorraine Estates, Deerfield Estates, and the new “Old Mill” development. It is not unusual for home sellers in Foxenwood to throw in a complimentary membership to the Foxenwood Swim & Tennis Club with the purchase of their home.
Asking prices for homes in Foxenwood currently range from about $400,000 to $700,000, with the median at around $500,000 for a 2400 sq. ft. home. Resale townhomes in Foxenwood sell for about $300,000. In the past six months, 11 home sales have been reported in the Foxenwood area, ranging from $400,000 – $555,000, and averaging about $481,000. Just this month on 11/13/09, a 2700 sq. ft. home on Burlington sold for $495,000 after 95 days on market, and on 11/18/09, a 1961 sq.ft. bank owned home on Quail Ridge Drive sold for $415,000 after only 15 days on the market. Smaller homes and distress sales (short sales and REOs) are predictably ranging lower around $400,000 – $450,000, and “regular” sales, where homes tend to be better maintained and upgraded are selling between $450,000 – $550,000.
Click and search here for currently listed homes in the Foxenwoods area. If you would like a list of homes available in the Foxenwoods neighborhood, or in Orcutt generally, send an email to me at tni@mintprop.com, give me a call at (805) 878-9879, or feel free to search for homes on my website: www.iLoveOrcutt.com.
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market. Prospective home buyers should always check with the local school boards for updates to school boundaries.
There are currently 528 homes for sale in the Santa Maria CA (and Orcutt CA) area. Approximately 250 of those homes are short sales where bank approval is necessary to complete the sale. About 141 of the remaining homes are bank owned / foreclosure listings. Thus, approximately 50 percent of the Santa Maria inventory is short saled, and about 25% is bank owned (REOs). You can search for short sales and REO Santa Maria homes at www.iLoveSantaMaria.com and www.iLoveOrcutt.com.
The Arborwalk and Autumn Glen townhome communities are newer homes built between 2003 - 2006 and offer an ideal location in south Santa Maria. Both communities are close to shopping, restaurants and other amenities. Arborwalk is a gated community at the intersection of Miller & McCoy, and Autumn Glen is located across from the Crossroads Shopping Center at the intersection of Crossroad Lane & Bradley Rd.
In a short sale, the seller asks the bank to allow a sale even though they owe more on the mortgage than the property is worth. Accordingly, the seller is not permitted to take any proceeds from a short sale. In a "normal" sale, sellers have a vested interest in getting the highest price for their home. A higher offer means a bigger net for the seller.
